BOK Financial Corporation

DMC Global Closes $300 Million Senior Secured Credit Facility

Retrieved on: 
Wednesday, February 7, 2024

BROOMFIELD, Colo., Feb. 07, 2024 (GLOBE NEWSWIRE) -- DMC Global Inc. (Nasdaq: BOOM) today announced it has closed a $300 million, five-year senior secured credit facility consisting of a $200 million revolving credit facility, a $50 million term loan and a $50 million delayed draw term loan.

Key Points: 
  • BROOMFIELD, Colo., Feb. 07, 2024 (GLOBE NEWSWIRE) -- DMC Global Inc. (Nasdaq: BOOM) today announced it has closed a $300 million, five-year senior secured credit facility consisting of a $200 million revolving credit facility, a $50 million term loan and a $50 million delayed draw term loan.
  • The facility replaces DMC’s prior $200 million credit facility.
  • “This new credit facility holds our leverage and debt service costs to a prudent level,” said Eric Walter, CFO.
  • The $50 million term loan and approximately $70 million of the $200 million revolving credit facility will be used to refinance DMC’s existing bank debt.

Oil and Gas Investor Announces 2024 'Influential Women in Energy' Honorees

Retrieved on: 
Thursday, December 14, 2023

HOUSTON, Dec. 14, 2023 /PRNewswire/ -- Oil and Gas Investor and Hart Energy proudly announce the "Influential Women in Energy" honorees for 2024.

Key Points: 
  • HOUSTON, Dec. 14, 2023 /PRNewswire/ -- Oil and Gas Investor and Hart Energy proudly announce the "Influential Women in Energy" honorees for 2024.
  • These distinguished executives and their accomplishments will be celebrated at the seventh annual Women in Energy luncheon on International Women's Day, March 8, 2024, at the Hilton Americas-Houston in downtown Houston.
  • This blue-ribbon award program has honored more than 125 of the top executives and leaders in the industry since its inception.
  • This year's honorees represent companies such the Baker Hughes, Chesapeake Energy, Chevron, Exxon Mobil, Ovintiv, SLB and Tallgrass Energy, to name a few.

Kolibri Global Energy Inc. Announces Bank Line Redetermination

Retrieved on: 
Wednesday, November 1, 2023

Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, NASDAQ: KGEI) is pleased to announce the Borrowing Base of its indirect wholly owned subsidiary BNK Petroleum (US) Inc. (“BNK US”) was reaffirmed at US$40 million on its revolving line of credit (“Credit Facility”) from BOK Financial (“BOKF”).

Key Points: 
  • Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, NASDAQ: KGEI) is pleased to announce the Borrowing Base of its indirect wholly owned subsidiary BNK Petroleum (US) Inc. (“BNK US”) was reaffirmed at US$40 million on its revolving line of credit (“Credit Facility”) from BOK Financial (“BOKF”).
  • The current outstanding amount drawn on the Credit Facility is US$29 million.
  • The amendments also reduced the minimum term of the hedging contracts the Company is required to put in place from 24 months to 18 months.
  • Wolf Regener, President and CEO, commented, “We are very pleased to have BOKF’s continued support as we continue to accelerate the development of our Tishomingo project.

Lumifi Seeking to Acquire MDR Cybersecurity Firms to Accelerate Growth: Lumifi Is on Fast Track to Expand Cybersecurity Footprint Worldwide

Retrieved on: 
Tuesday, October 24, 2023

Lumifi , a cybersecurity industry leader, is embarking on a strategic expansion plan by targeting cybersecurity firms.

Key Points: 
  • Lumifi , a cybersecurity industry leader, is embarking on a strategic expansion plan by targeting cybersecurity firms.
  • By integrating top-tier cybersecurity analysts with cutting-edge systems, Lumifi steadfastly maintains its gold standard in safeguarding its esteemed clientele.
  • The company is now primed to secure 2-4 more acquisitions within the next 6 to 18 months, bolstering its position in the cybersecurity landscape.
  • The Lumifi cybersecurity services are resonating with top-tier clients.”
    Staying ahead of cybercriminals is no easy task, but Lumifi continues to evolve and innovate.

Matador Resources Company Increases Quarterly Cash Dividend to $0.20 Per Share and Announces Increases to Its Credit Facility

Retrieved on: 
Thursday, October 19, 2023

The Board also declared a quarterly cash dividend of $0.20 per share of common stock payable on December 1, 2023, to shareholders of record as of November 10, 2023.

Key Points: 
  • The Board also declared a quarterly cash dividend of $0.20 per share of common stock payable on December 1, 2023, to shareholders of record as of November 10, 2023.
  • Foran, Matador’s Founder, Chairman and Chief Executive Officer, stated, “We are pleased to announce an increase in the Company’s quarterly cash dividend.
  • Today’s announcement is an increase of 33% as compared to Matador’s prior quarterly cash dividend of $0.15 per share.
  • The continued increase in our quarterly cash dividend is evidence of our commitment to return value to Matador’s shareholders as well as our growing financial strength and positive operational outlook.

TAB Bank Adds Laura Schulte and Martha McGuire to its Board of Directors

Retrieved on: 
Wednesday, September 27, 2023

OGDEN, Utah, Sept. 27, 2023 (GLOBE NEWSWIRE) -- TAB Bank , a technology-driven online bank, announced the addition of Laura A. Schulte and Martha F. McGuire to its Board of Directors.

Key Points: 
  • OGDEN, Utah, Sept. 27, 2023 (GLOBE NEWSWIRE) -- TAB Bank , a technology-driven online bank, announced the addition of Laura A. Schulte and Martha F. McGuire to its Board of Directors.
  • Schulte and McGuire come to TAB’s Board with a wealth of large bank expertise in capital markets, deposit expansion strategy, M&A, commercial lending and more.
  • “We are very pleased to welcome Laura and Martha to our Board and look forward to the contributions and insight they bring from extensive experience at some of the largest banks in the U.S.,” said Rick Bozzelli, President and CEO of TAB Bank.
  • Schulte is chair for the board of directors of Novant Health, Inc., an integrated healthcare network of physical clinics, outpatient centers, and hospitals.

Lumifi Cyber’s Success Propels Expansion Plans at Scottsdale’s SkySong Tech Hub

Retrieved on: 
Thursday, September 14, 2023

This strategic move is an endorsement of Scottsdale's burgeoning tech community and a testament to Lumifi Cyber's commitment to growth, innovation, and community development.

Key Points: 
  • This strategic move is an endorsement of Scottsdale's burgeoning tech community and a testament to Lumifi Cyber's commitment to growth, innovation, and community development.
  • They're at the forefront of redefining our city's tech landscape and their operation fits nicely with SkySong, The ASU Scottsdale Innovation Center.”
    Michael Malone, CEO of Lumifi Cyber, shared his enthusiasm: “This commitment marks a pivotal moment in Lumifi Cyber's journey.
  • Lumifi Cyber's Expansion will bring these Key Highlights:
    Lease Commitment: Lumifi Cyber has signed a robust lease through 2030, reflecting its long-term dedication to the Scottsdale tech ecosystem.
  • Future Expansion Plans: Lumifi Cyber is postured for significant expansion and growth and consequently has sights on similar expansion at SkySong.

MidFirst Bank Welcomes John Higginbotham

Retrieved on: 
Tuesday, September 5, 2023

OKLAHOMA CITY, Sept. 5, 2023 /PRNewswire/ -- MidFirst Bank is pleased to announce the addition of John D. Higginbotham to its Oklahoma City market leadership, joining MidFirst Bank as the market executive and senior vice president of commercial lending.

Key Points: 
  • OKLAHOMA CITY, Sept. 5, 2023 /PRNewswire/ -- MidFirst Bank is pleased to announce the addition of John D. Higginbotham to its Oklahoma City market leadership, joining MidFirst Bank as the market executive and senior vice president of commercial lending.
  • Higginbotham brings more than 40 years of banking and finance experience to MidFirst, including 35 years with Bank of Oklahoma, where he served as the market president and CEO as well as chief operating officer.
  • "We are thrilled that John is joining our team at MidFirst," said Alan Kraft, first executive vice president of commercial lending.
  • As an embedded member of the Oklahoma City community, Higginbotham has served on several nonprofit boards throughout his career.

NOG Announces Expansion of Revolving Credit Facility

Retrieved on: 
Wednesday, August 2, 2023

Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced the completion of its semi-annual borrowing base redetermination under its reserves-based revolving credit facility (the “Facility”).

Key Points: 
  • Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced the completion of its semi-annual borrowing base redetermination under its reserves-based revolving credit facility (the “Facility”).
  • In connection with the redetermination, NOG entered into an amendment to the Facility that will increase the borrowing base to $1.8 billion (from $1.6 billion) and increase the elected commitment amount to $1.25 billion (from $1.0 billion).
  • There are no other material changes to the terms of the Facility.
  • “The expansion of the facility and growing commitment of our lenders are a testament to the quality of our assets and the discipline associated with our acquisition strategy.”

BOK Financial Upgrades to Baker Hill NextGen® in Newly Expanded Partnership

Retrieved on: 
Monday, July 17, 2023

CARMEL, Ind., July 17, 2023 /PRNewswire/ -- Baker Hill , the leading financial technology provider in delivering solutions for loan origination, risk management and analytics, today announced an expanded partnership with BOK Financial .

Key Points: 
  • CARMEL, Ind., July 17, 2023 /PRNewswire/ -- Baker Hill , the leading financial technology provider in delivering solutions for loan origination, risk management and analytics, today announced an expanded partnership with BOK Financial .
  • The financial institution will upgrade to Baker Hill NextGen®, a unified solution that streamlines loan origination and portfolio monitoring.
  • To further its mission, BOK Financial recently expanded its relationship with Baker Hill, with plans to upgrade to the Baker Hill's NextGen® Small Business platform to enhance the lending experience for business clients.
  • "Our relationship with Baker Hill is a testament to their small business lending expertise and history of delivering results for BOK Financial.